USS Investment Management Ltd Purchases 138,693 Shares of Gold Fields Limited $GFI

USS Investment Management Ltd increased its position in Gold Fields Limited (NYSE:GFI) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,800,813 shares of the company’s stock after buying an additional 138,693 shares during the period. USS Investment Management Ltd owned about 0.20% of Gold Fields worth $78,596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GFI. Goldman Sachs Group Inc. boosted its holdings in shares of Gold Fields by 69.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after purchasing an additional 1,794,124 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Gold Fields by 39.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after purchasing an additional 1,714,442 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Gold Fields by 3.4% during the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after purchasing an additional 1,180,634 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Gold Fields during the 3rd quarter valued at about $42,963,000. Finally, Man Group plc boosted its holdings in shares of Gold Fields by 59.9% during the 3rd quarter. Man Group plc now owns 2,229,678 shares of the company’s stock valued at $93,557,000 after purchasing an additional 835,581 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE GFI opened at $36.50 on Monday. The firm’s 50-day moving average price is $42.91 and its 200-day moving average price is $46.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. Gold Fields Limited has a 12-month low of $22.40 and a 12-month high of $61.64.

Analyst Upgrades and Downgrades

Several research analysts have commented on GFI shares. Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Scotiabank dropped their price objective on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price objective for the company from $40.25 to $57.25 in a report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.75.

Gold Fields Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.